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Strengthening Ontario Energy Agency Board Governance

Friday, March 7, 2014

Media Release: Ministry of Energy

Government Appoints New Chairs to Hydro One and OPG

NEWS March 7, 2014

Ontario will be appointing Sandra Pupatello as Chair of the Board of Directors of Hydro One and Bernard Lord as Chair of the Board of Directors of the Ontario Power Generation (OPG). These appointments, effective April 1, 2014, strengthen the governance of these two agencies and focus OPG and Hydro One activity towards providing value to Ontario ratepayers.

A former Ontario cabinet minister, Ms. Pupatello is CEO of Windsor Essex Economic Development Corp., and Director, Business Development and Global Markets at PricewaterhouseCoopers.

Mr. Lord is a former Premier of New Brunswick and current President and CEO of the Canadian Wireless Telecommunication Association. As Premier, Mr. Lord was engaged in important issues relating to the electricity sector.

Ms. Pupatello and Mr. Lord will provide advice and guidance to help deliver clean, reliable and affordable energy to Ontario’s families and businesses. They will lead efforts to find efficiencies and address human resource issues, executive compensation as well as potential pension reform.

The government will work with Ms. Pupatello and Mr. Lord in the coming weeks as the membership of the Boards of Directors of Hydro One and OPG are renewed.

Investing in a strong and reliable energy sector is part of the government's economic plan that is creating jobs for today and tomorrow. The comprehensive plan and its six priorities focus on Ontario's greatest strengths - its people and strategic partnerships.

QUOTES

“Ontario’s energy agencies continue to conduct business in a responsible manner that respects the interests of Ontario ratepayers. I’d like to thank the outgoing Chairs, Mr. Epp and Mr. Arnett, and I am confident Ms. Pupatello and Mr. Lord will continue to provide thoughtful guidance needed to move our electricity sector forward.”
─ Bob Chiarelli, Minister of Energy

QUICK FACTS
• Over $10 billion has been invested since 2003 in improvements in Hydro One’s systems, including upgrades to over 7,500 kilometres of power lines – more than twice the distance from Sault Ste. Marie, Ontario to Vancouver, British Columbia.
• Hydro One owns 97 per cent of transmission in Ontario with almost 30,000 kilometres of high-voltage transmission lines.
• OPG is one of the largest power companies in North America.
• In 2012, OPG's generating capacity was more than 19,000 megawatts.
• From 2003-04 to 2012-13, OPG and Hydro One generated revenues to the Province of $13.6 billion.